FAZ finance bear 3x strong on SVB news

Discussion in 'ETFs' started by KCalhoun, Mar 19, 2023.

  1. KCalhoun

    KCalhoun

    Anyone else trading FAZ?
     
    murray t turtle likes this.
  2. R1234

    R1234

    bought some in my HSA account last Monday. If financial sector drop to pre-covid levels that could be a 10x move in this ETF
     
    zdreg and KCalhoun like this.
  3. Just now watching Marc Cohodes.
    That guy nailed all of these fraudsters.
    He doesn't even call them frauds.
    He says they are a criminal element who need to launder lots of money.
    Your FDIC funds at work :wtf::wtf:

     
    murray t turtle likes this.
  4. easymon1

    easymon1

    Last edited: Mar 19, 2023
  5. nitrene

    nitrene

    Deja Vu.

    After the collapse of some of the mREITS I used to own in November 2007, I was trying to figure out what was good short instrument and I remember reading on the Yahoo! Forums about a new company that was selling leveraged ETFs -- ProShares. They had a -2X Financials ETF called SKF. This was before Direxion even existed.

    After the collapse of Lehman Brothers, the Feds made shorting the TBTF banks illegal so I sold it then. If this contagion hits the TBTF banks the Feds will do the same thing again.
     
  6. %%
    Something like that;
    FAZ looked to expensive when i tried to buy+ FAS order never got filled so did short term trade XLF[has insurance in it]
    DPST has some good regional banks in it/ ZIONS.....................
    Even though one can get burned with a low price around $7.77:D:D.[Trade]
    Almost bought XLF again but regional banks looked better than BLK in XLF[ESG\ woke broke, like SVB]
    Even though BLK is only about 2%of XLF , DPST regional banks has none of BLK woke broke.
     
    Last edited: Mar 23, 2023